Details of 54 EC Capital Gains Bonds of NHAI for the year 2017-18

Credit Rating

“ICRA AAA/Stable” by ICRA Ltd

Face Value

Rs. 10000/- per Bond

Issue price

Rs. 10000/- per Bond

Minimum application size

One Bond of Rs. 10,000/- 

Maximum application size

500 Bonds of Rs.10,000/- each (Rs.50,00,000) subject to fulfillment of other conditions as specified in Income Tax Act 1961.
As per the provision of sub-section (1) of section 54EC by the Finance (No. 2) Act, 2014, (w.e.f. 1-4-2015) “ provided further that the investment made by an assessee in the long-term specified asset, from capital gains arising from transfer of one or more original assets, during the financial year in which the original asset or assets are transferred and in the subsequent financial year does not exceed fifty lakh rupees”

Size of the Issue

Rs.6,000 Crore

Mode of Subscription

100% on application

Deemed Date of Allotment

Last day of the month during which the application amount has been cleared and credited to NHAI’s collection account


The Bonds are non-transferable, non-negotiable and cannot be Offered as a security for any loan or advance


At par, 3 years from Deemed Date of Allotment

Interest payment

Annually On 1st April and Final Interest at the time of Maturity

Coupon rate

5.25%   payable annually.


Bullet, at the time of Maturity i.e. 3 years 


M/s SBICap Trustee Company Ltd
Apeejay House, 6th Floor
3, Dinshaw Wachha Road, Churchgate, Mumbai-400020

Registrar M/s Beetal Financial & Computer Services Pvt Ltd
99, Beetal House, Near Harsukh Das Mandir
Behind Local Shopping Centre
Madangir, New Delhi-110062
Tel :011 29961281-83

Closure of Issue

The issue is open on-Tap Basis and will close on March 31, 2018 at the close of the banking hours or on achieving of ceiling limit of Rs.6,000 Crore without any further notice or at a date as may be decided by NHAI at its absolute discretion.

For detailed information Memorandum, please Click here and for any further information, please contact  Sh. S.K.Chauhan,   DGM (F&A) at or at Ph. No.011- 25074100-200 Extn. 2479.  

The Applicants can download application forms from this website and deposit completed forms to any branch of Union Bank of India & HDFC Bank and Selected  bank branches of 5 other banks. The bank branches will allot the required application form number and will accept the application. For application form , please Click here. For list of authorised brokers of NHAI 54EC Bonds, please Click here.

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